A measure of U.S. manufacturing expanded in December at the fastest pace in more than two years, bolstered by a pickup in new orders and the strongest growth in production since 2011.
January 5, 2021Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Amazon Makes First Aircraft Purchase to Expand Delivery Network
Amazon .com Inc. is buying 11 used Boeing 767-300 planes, the first time the online retail giant has purchased, rather than leased, aircraft for its fast-growing air cargo operation.
January 5, 2021Diesel Continues Upward Trend, Rises 0.5Ā¢ to $2.640
The last days of 2020 and the first few of 2021 continued the same trend, with diesel prices rising nationwide.
January 4, 2021Pete Buttigieg Eyes āBig, Boldā Infrastructure Plan, Chuck Schumer Says
Advancing a ābig, boldā infrastructure policy measure with an emphasis on climate change is a priority for President-elect Joe Bidenās choice to lead the U.S. Department of Transportation, said Senate Minority Leader Chuck Schumer.
January 4, 2021Pricier Vehicles Seen Driving Rebound in US Auto Market
Demand for higher-priced vehicles from retail buyers at the end of 2020 helped lift U.S. auto sales out of a springtime slump and buffered the impact of a sharp drop in fleet sales to rental car companies.
January 4, 2021Manufacturers Rethink Supply Chains, Eye Reshoring After Events of 2020
A trade war with China and the disruptive effects of the COVID-19 pandemic have U.S. companies starting to question a decades-old strategy of shifting manufacturing operations to low-cost labor markets in China and other Asian nations.
January 4, 2021PSA, Fiat to Seal Merger After Winning Shareholder Approval
Fiat Chrysler Automobiles NV and PSA Group will complete their combination later this month after shareholders signed off on a deal that endured two years of drama.
January 4, 2021XPO Finishes Acquisition of Kuehne + Nagelās European Logistics
XPO Logistics has completed its acquisition of the majority of Swiss firm Kuehne + Nagelās European logistics, the company announced Jan. 4.
January 4, 2021OPEC+ Meets to Discuss Output Hike, With Saudis Urging Caution
Saudi Arabia urged caution as OPEC+ gathered to discuss whether to hike supply again in February, with many countries wary of undermining a fragile recovery.
January 4, 2021Trending
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